Are you one of the many millions of people who want to take advantage of buying real estate while the prices are good but just you donâ€™t have the cash requirement? Think about thisâ€¦about 5 years ago, I represented a client in the purchase of property for his retirement account. I got to thinking about this transaction and wanted the most current information on this process. Of course, Iâ€™m a real estate broker and not a financial advisor so clearly, youâ€™d want to talk to your financial adviser, accountant and/or lawyer before embarking on this great option of real estate buying. The good news is, yes, you can use a self-directed IRA to purchase and hold real estate. Obviously, there are some specific steps and a specific process to be followed but it isnâ€™t as complicated as you may think. Feel free to give me a call and I can explain the process but most importantly, get you in touch with the people who can set this up (remember, there are specific steps) so you can buy real estate now from your retirement account. This is a great option for those who want to take advantage of the market but â€œdonâ€™t have the money.â€ Call me, Iâ€™ll pass on the information so can see if this is right for you.
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â€¦$100 of every closed transaction is donated to PAWS Animal Shelterâ€¦.
Call Jen Woodbury at 808-936-8957 or 503-218-3936 for great Oregon real estate information.